Un­rav­el­ling Ware­house mar­ket

Ac­cord­ing to In­dia Ware­hous­ing Mar­ket Re­port 2016 by Knight Frank In­dia,ware­hous­ing space re­quire­ment will grow at a CAGR of eight per cent by 2020 in top seven mar­kets of In­dia.

Cargo Talk - - Report - CT BU­REAU

Knight Frank In­dia launched the se­cond edi­tion of its flag­ship In­dia Ware­hous­ing Mar­ket Re­port 2016. The re­port un­rav­els the present sce­nario of the In­dian lo­gis­tics sec­tor along with pro­vid­ing a de­fin­i­tive view on the coun­try’s top seven ware­hous­ing mar­kets which in­cludes Mum­bai, NCR, Ben­galuru, Chennai, Pune, Hy­der­abad and Ahmed­abad. Goods and Ser­vices Tax (GST) and Make in In­dia is set to give a thrust from the Man­u­fac­tur­ing sec­tor for Ware­house spa­ces. Along with un­veil­ing the nu­mer­ous facets of the In­dian ware­hous­ing

in­dus­try and speak­ing about the re­port, Bal­birs­ingh Khalsa, Na­tional Di­rec­tor - In­dus­trial, Knight Frank In­dia said, “The de­mand for ware­hous­ing is on the rise in the Man­u­fac­tur­ing and Con­sump­tion sec­tors.” Dr. Sa­man­tak Das, Chief Economist & Na­tional Di­rec­tor- Re­search, Knight Frank In­di­aadded, “With the to­tal ware­hous­ing space re­quire­ment in the coun­try’s top 7 mar­kets ex­pected to grow from 621 mn sq ft in 2016 to 839 mn sq ft by 2020, the ware­hous­ing sec­tor has shown a tremen­dous trac­tion in the last cou­ple of years. Fur­ther, in­vest­ment in ware­hous­ing can pro­vide an op­por­tu­nity of re­al­is­ing re­turns in the range of 10–24 per cent per an­num. The re­newed reg­u­la­tory en­vi­ron­ment for the In­dian Real Es­tate In­vest­ment Trust (REIT), which also cov­ers the ware­hous­ing seg­ment, has added to this in­cli­na­tion. The ware­hous­ing sec­tor is go­ing to ex­pe­ri­ence a sea change in its struc­ture.”

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